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SKYWEST INC. REPORTS FISCAL 1992 ANNUAL RESULTS

 SKYWEST INC. REPORTS FISCAL 1992 ANNUAL RESULTS
 ST. GEORGE, Utah, June 1 /PRNewswire/ -- SkyWest Inc. (NASDAQ: SKYW)


today reported net income of $1,986,000 for the fiscal year ended March 31, 1992, compared to $2,024,000 for the previous fiscal year. Operating revenues increased 10.6 percent to $125,310,000 in fiscal 1992 compared to $113,284,000 in fiscal 1991. Passengers carried increased 12.7 percent to 1,317,693 from 1,169,309 the previous year.
 Commenting on the results, Bradford R. Rich, senior vice president- finance and chief financial officer, said, "We began the year in the shadow of the Gulf War and economic recession and ended the year with seven consecutive months of revenue passenger mile growth exceeding available seat mile growth. Customer satisfaction reached new levels with exceptional quality and service. We produced a profit despite many challenges and are positioned well financially and strategically at our Salt Lake City, Utah, and Los Angeles, Calif., hubs. Our fleet of 30 passenger, cabin-class aircraft has been expanded to more effectively compete in an already fiercely competitive marketplace and we are realizing even greater synergies in our relationship with Delta Air Lines Inc. ('Delta'). We are firmly committed to controlling our costs and are emphasizing growth in earnings per share before capacity growth in the future."
 SkyWest Inc. is the holding company for SkyWest Airlines Inc., Aviation Services West Inc. and National Parks Transportation Inc. SkyWest Airlines Inc. operates as the Delta Connection, offering scheduled air service to 42 cities in eight western states, including the Delta hubs of Salt Lake City and Los Angeles. The company's common stock is traded in the NASDAQ National Market System under the symbol SKYW.
 SKYWEST INC.
 Financial and Operating Highlights
 Year Ended March 31,
 1992 1991 Pct. Change
 Financial Highlights
 Operating revenues $125,310,000 $113,284,000 10.6 pct.
 Operating expenses 121,508,000 109,381,000 11.1 pct.
 Operating income 3,802,000 3,903,000 (2.6 pct.)
 Other income and
 (expense) (676,000) (526,000) (28.5 pct.)
 Income before provision
 for income taxes 3,126,000 3,377,000 (7.4 pct.)
 Provision for
 income taxes 1,140,000 1,353,000 (15.7 pct.)
 Net income 1,986,000 2,024,000 (1.9 pct.)
 Net income per
 common share $.38 $.39 (2.6 pct.)
 Average common shares
 outstanding 5,215,408 5,213,413 ---
 Operating Highlights
 Passengers carried 1,317,693 1,169,309 12.7 pct.
 Revenue passenger
 miles (000) 250,615 229,286 9.3 pct.
 Available seat
 miles (000) 604,633 551,626 9.6 pct.
 Passenger load factor 41.4 pct. 41.6 pct. (0.5 pct.)
 Yield per revenue
 passenger mile $.455 $.458 (0.7 pct.)
 Cost per available
 seat mile $.192 $.192 ---
 -0- 6/1/92
 /CONTACT: Bradford R. Rich, senior VP-finance and CFO of SkyWest, 801-634-3000/
 (SKYW) CO: SkyWest Inc. ST: Utah IN: AIR SU: ERN


KJ-AL -- LA001 -- 5459 06/01/92 07:01 EDT
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Date:Jun 1, 1992
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